Add MP Backs Biodiesel Tax Break Campaign

Marla Zielinski 2025-01-18 13:57:01 +01:00
parent 6886b95094
commit 6ce6d8a53f

@ -0,0 +1,13 @@
<br>MP backs [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) [tax break](https://www.pinterest.com.au/missionnewenergy/) campaign<br>
<br>29 June 2011<br>
<br> [MP Andrew](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) George is backing a [project](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to keep tax breaks for companies who [produce](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>[Producers transforming](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [cooking oil](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) into [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) currently [benefit](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) from a 20p [differential](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Team, has actually been [consulting](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) with the [UK sustainable](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [biodiesel alliance](https://stocktwits.com/symbol/MNEL).<br>
<br>Mr [George stated](https://www.bloomberg.com/profile/company/MNELF:US) "a variety of little services in Cornwall currently earn money from used cooking oil".<br>
<br>He added: "In order to be able to get this kind of industry going it does need just a little bit of lift which can be found in the type of tax foregone."<br>
<br>[Biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) is a blend of [conventional](https://www.crunchbase.com/organization/mission-newenergy) diesel, [rapeseed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and [vegetable oils](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>Fuel from [pasties](https://www.zoominfo.com/c/mission-newenergy/346542889) to power vehicles<br>
<br>13 May 2011<br>
<br>Old chip fat powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>